§ Mr. Whiteheadasked the Secretary of State for Trade and Industry whether the proposed integration of the Rolls-Royce (1971) Derby and Bristol engine divisions will commence before final agreement is reached on a price for the assets of Rolls-Royce Limited.
§ Mr. OnslowThe determination of the price by an independent expert seems unlikely to be made before the company 15W implements the changes recently announced.
§ Mr. Whiteheadasked the Secretary of State for Trade and Industry whether the proposed integration of the Bristol and Derby engine divisions, by Rolls-Royce (1971) Limited will involve redundancies in either division; and what number is likely to be involved.
§ Mr. OnslowThat is a matter for the board of Rolls-Royce (1971) Ltd.
§ Mr. Whiteheadasked the Secretary of State for Trade and Industry whether, in consequence of the proposed amalgamation of the Derby and Bristol engine divisions of Rolls-Royce (1971) Limited the headquarters of the company will be sited at Derby.
§ Mr. OnslowThat is a matter for the board of Rolls-Royce (1971) Ltd.
§ Mr. Whiteheadasked the Secretary of State for Trade and Industry what consultations will be held with the trade unions involved, before the management of Rolls-Royce (1971) Limited embarks upon the bringing together of the Bristol and Derby engine divisions, announced on 22nd May, 1972.
§ Mr. OnslowThat is a matter for the board of Rolls-Royce (1971) Ltd.
§ Mr. Michael McNair-Wilsonasked the Secretary of State for Trade and Industry how much financial assistance is being given to Rolls-Royce (1971) Limited to assist it with its various engine programmes; which engines are being supported; and what is the total amount of Government finance in each project.
§ Mr. OnslowGovernment payments to Rolls-Royce for the launch costs of civil aero-engines are running at about £50 million a year. Virtually all of it is at present for the RB211—total launch cost and net production loss estimated at £195 million—and Olympus 593 included in the latest Concorde development estimate of £970 million. In the future there will also be payments for the M45H—total Government launching aid £11 million.